4th May, 2021 Morning Brief

Market will open a positive note today responding to global markets especially US.

Results Today :

Adani Ports and Special Economic Zone, Alembic Pharmaceuticals, Apollo Pipes, Adani Total Gas, L&T Infotech, Procter & Gamble Hygiene & Health Care, RBL Bank

🎯 L&T Technology Services : 

The company reported a consolidated profit of Rs 204.8 crore in Q4 FY21 compared to Rs 186.1 crore in Q3 FY21, revenue rose to Rs 1,446.6 crore from Rs 1,400.7 crore QoQ.

Positive. 👍

🎯 Tata Chemicals : 

The company reported a consolidated profit of Rs 29.26 crore in Q4 FY21 against Rs 197.56 crore in Q4 FY20, revenue increased to Rs 2,636.21 crore from Rs 2,378.09 crore.

Negative. 

🎯 Tribhovandas Bhimji Zaveri :

The company reported a consolidated profit of Rs 9.36 crore in Q4 FY21 against Rs 2.83 crore in Q4 FY20, revenue jumped to Rs 366.07 crore from Rs 342.52 crore.

Positive. 👍

🎯 Apollo Tricoat Tubes : The company reported sharply higher profit at Rs 34.34 crore in Q4 FY21 against Rs 11.13 crore in Q4 FY20, revenue climbed to Rs 467.9 crore from Rs 228.88 crore YoY.

Positive. 👍

🎯 JSW Energy :

JSW Renew Energy, the wholly-owned subsidiary of JSW Future Energy, signed a Power Purchase Agreement with Solar Energy Corporation of India (SECI) for the contracted capacity of 540 MW out of total awarded capacity of 810 MW. This is the single largest PPA for the wind/blended wind category in the industry.

Positive. 👍

🎯 Bafna Pharmaceuticals : 

The company has added two fully automated packaging lines to its existing capacity and they have been approved by the UK-MHRA (Medicines and Healthcare products Regulatory Agency) for the United Kingdom and the European Union (EU).

🎯 Nava Bharat Ventures :

The company has entered into a binding agreement for the sale of plant and equipment, excluding land, pertaining to sugar division situated at Samalkot, Andhra Pradesh.

🎯 Zuari Agro Chemicals : 

The ammonia and urea plants have been shutdown for annual maintenance from May 3. The company will inform once the plant operations resume.

Negative. 

🎯 Motherson Sumi Systems :

Subsidiary Motherson Rolling Stock Mexico, S. de R.L. de C.V. (MRSM) has completed acquisition of Bombardier Transportation's manufacturing site for electrical wiring interconnection systems in Huehuetoca, Mexico, upon receipt of related approval(s) and completion of other closing events.